$TRUMP
"Trump Coin is Only Suitable for Short Selling" In-Depth Analysis Reasons
👍 Trump Coin $TRUMP is a meme coin, essentially a cryptocurrency based on blockchain technology, but it does not possess the attributes of traditional currency. From current analysis, there are many uncertainties surrounding Trump Coin.
👍 The following is an analysis for short selling:
1. The Nature of Meme Coins: Meme coins typically do not have actual value support; their value mainly relies on market speculation and investor sentiment. Trump Coin is no exception, as its issuance and value are entirely determined by the issuer, lacking the scarcity and decentralization characteristics found in Bitcoin.
2. Market Manipulation Risks: There are clear signs of manipulation during the issuance and trading of Trump Coin. For example, during its initial launch, a large amount of capital was concentrated before the opening, and trades were carried out in a short period through multiple sub-addresses, quickly cashing out after making profits. Such behavior could lead to a price bubble, and once the bubble bursts, prices could plummet significantly.
3. Regulatory Risks: The cryptocurrency market is receiving increasing regulatory scrutiny, and Trump Coin, as a cryptocurrency related to political figures, may face stricter regulatory reviews. If regulatory policies tighten, the price of Trump Coin could be severely affected.
4. Long-Term Value in Doubt: The long-term value of meme coins is often difficult to maintain, and most meme coins eventually go to zero. Although Trump Coin may gain attention in the short term due to Trump's influence, its long-term value lacks sustainability.
👍 Therefore, I have consistently published bearish views on $TRUMP coins, and I have shorted at the right times. In the future, I will continue to analyze and interpret the long and short reasons for other coins daily, so please stay tuned.
👍 Position Analysis: If holding long positions, it is advisable to reduce holdings around 19.5.
